Free Republic 3rd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $29,779
33%  
Woo hoo!! And the first 33% is in!! Thank you all very much!! God bless.

Keyword: oil

Brevity: Headers | « Text »
  • New American Oil Pipeline is the Answer

    07/29/2016 3:44:31 PM PDT · by Tolerance Sucks Rocks · 7 replies
    Patriot News ^ | July 19, 2016 | The Common Constitutionalist
    Remember the Keystone XL Pipeline project? Remember what a cause célèbre it was for both the left and right? What the heck ever happened to it? Have you wondered that?Well, in short it was killed pretty much for good, or at least the foreseeable future – both here in the USSA and now in Canada. As you are no doubt aware, it was Obama who, with the left in the federal and various state legislatures – and with some help from Choo-choo Warren Buffet who owns most of the rail cars now hauling crude down south, vetoed the pipeline. And...
  • Exxon Misses Estimates By A Mile, Plunges To Two-Month Lows

    07/29/2016 9:09:34 AM PDT · by bananaman22 · 12 replies
    Oilprice.com ^ | 29-07-2016 | Big Oil
    ExxonMobil reported on Friday earnings of US$1.7 billion for the second quarter, a 59-percent tumble on the year, amid sharply lower commodity prices and weaker refining margins. Earnings per share assuming dilution fell to US$0.41 from US$1.00 for the second quarter last year, missing Thomson Reuters’ analyst expectations of US$0.64 earnings per share. Upstream earnings plummeted by US$1.7 billion, to US$294 million in the second quarter of 2016, and the U.S. upstream segment posted a loss of US$514 million, swelled from a loss of US$47 million in the second quarter of 2015. Non-U.S. upstream earnings tumbled by US$1.3 billion, to...
  • Wholesale California gasoline prices plunge, consumers still pay up

    07/29/2016 8:52:37 AM PDT · by Lorianne · 34 replies
    Reuters ^ | 29 July 2016 | Liz Hampton, Jessica Resnick-Ault
    Wholesale gasoline in California became the cheapest in the country this week, but that change has largely gone unseen at the pump, where consumers are still paying the highest prices in the continental United States to fill up their cars. Ample inventories along with relatively stable refinery operations and imports has driven down the spot value of gasoline in Los Angeles at the wholesale level by more than 60 cents since mid-June. However, that has not translated to similarly lower retail fuel prices for consumers because of peculiarities in California's market. The declines in the state's retail gasoline market over...
  • Forget The Glut – This Is Why Oil Prices Will Rise

    07/26/2016 9:29:43 AM PDT · by bananaman22 · 18 replies
    Oilprice.com ^ | 26-07-2016 | Steffens
    U.S. oil production peaked at over 9.6 million barrels per day in June, 2015: Based on Core Labs' prediction above, U.S. oil production will fall to under 8.3 million barrels per day before the end of this year and will continue fall to under 7.5 million barrels per day sometime in 2017 before it stabilizes. The only thing that will stop U.S. oil production from falling is a sharp increase in oil prices. In my opinion, West Texas Intermediate (WTI) must move firmly over $60/bbl before we will see the increase in capital expenditures necessary to stabilize U.S. oil production....
  • Is This The Next Big Headache For Oil Prices?

    07/25/2016 8:00:46 AM PDT · by bananaman22 · 2 replies
    Oilprice.com ^ | 25-07-2016 | Nick
    When oil analysts look at the markets to try to get a sense of where oil prices are heading, one of the great unknowns, at least in the U.S. shale industry, is the large volume of drilled but uncompleted wells (DUCs). As oil prices began collapsing two years ago, shale drillers increasingly decided to defer the completion of their drilled wells, hoping to wait out the downturn and bring production online at a later point when prices rebounded. But with oil prices suffering from a prolonged downturn, the DUCS began to mount, leaving a huge backlog of potential production that...
  • Regulators Vow Revenge Against States for Opposing Federal Land Grab

    07/24/2016 3:54:51 PM PDT · by Tolerance Sucks Rocks · 29 replies
    Freedomworks ^ | July 20, 2016 | Kenny Stein
    On Tuesday, the Fish and Wildlife Service (FWS) formally announced the removal of the lesser prairie chicken from the endangered species protection list. They did not take this step voluntarily; FWS lost a court case last year which ordered the agency to remove the bird from the list. However, even as they complied with the court’s order, the FWS issued a threat that the agency’s land grab under the guise of conservation was not over. In the words of Director Dan Ashe, “Responding to this court ruling by removing the bird from the Federal List does not mean we are...
  • A Great Line That No-One Noticed At The GOP Convention

    07/21/2016 9:20:38 AM PDT · by IBD editorial writer · 19 replies
    Investor's Business Daily ^ | 7/21/2016 | John Merline
    CLEVELAND -- It's tough to be a speaker at a political convention who has something substantive to say, because the sizzle always consumes the steak at these events. So it's not surprising that energy company executive Harold Hamm was overlooked amid Wednesday night's political sparks. But he delivered one of the better, or arguably one of the more important, lines of the night:
  • Oil producers want U.S. to restrict imports

    07/20/2016 5:37:43 PM PDT · by brownwill6767 · 25 replies
    Albuquerque Journal ^ | 7/6/16 | Kevin Robinson-Avilla
    ALBUQUERQUE, N.M. — New Mexico and West Texas oil producers are gearing up for a national effort to draw all major U.S. oil basins into a grassroots movement to restrict crude imports from overseas. Leaders of the Panhandle Import Reduction Initiative, which launched in April in the Permian Basin, are seeking public meetings and rallies in other oil-producing zones to convert what’s now a regional initiative into a national movement, said Daniel Fine, associate director of the New Mexico Center for Energy Policy, who is working with local producers.
  • Oil Industry CEO Claims Democrats Have Done More For Oil

    07/20/2016 11:38:59 AM PDT · by bananaman22 · 16 replies
    Oilprice.com ^ | 20-07-2016 | GOPConvention
    With the Republican National Convention set to wrap up on Thursday, and the Democratic National Convention getting ready to kick off in Philadelphia next week, one prominent oil executive is noting that the industry has fared better under Democrats than Republicans. Scott Sheffield, CEO of Pioneer Natural Resources, says that he has noticed the trend during his 42 years in the business. That may sound strange considering the two parties’ diverse platforms when it comes to energy. The Republican party is touting deregulation and has said that it does not support the Paris Climate Accords. Going a few steps further,...
  • Did Oil Kill The Dinosaurs?

    07/19/2016 3:00:57 PM PDT · by bananaman22 · 53 replies
    Oilprice.com ^ | 19-07-2016 | Dino
    What killed the dinosaurs? It’s a question as old as – well the dinosaurs themselves, and one that everyone from school children to scientists have been asking for decades. Movies like Jurassic Park and the Land Before Time only heighten that sense of wonder and raise the stakes behind that question. Now according to a new scientific study, it seems that black gold may have been the source of the dinos’ demise. Japanese researchers at Tohuku University and the Meteorological Research Institute authored a recent study in the research journal Scientific Reports suggesting that a meteor impact 66 million years...
  • As Chinese Refiners Flood The World, Gasoline Tankers Pile Up In New York City Harbor

    07/13/2016 8:07:54 PM PDT · by dennisw · 29 replies
    zerohedge ^ | Jul 13, 2016 9:33 PM | by Tyler Durden
    Just over a month ago, when we pointed out that that the gasoline curve was about to shift from contango into backwardation, we said that the gasoline tanker armada off the coast of Singapore was about to start offloading as it would soon become uneconomical to hold product in offshore storage. This meant one thing: China was about to unleash a wave of accelerated gasoline exports across the entire world. We pointed out the unprecedented surge in Chinese gasoline stocks... and added that as China continues to imports tremendous amounts of both crude and product, far greater than actual demand,...
  • IEA: Gasoline Glut Could Cause Oil Price Rout

    07/13/2016 9:39:07 AM PDT · by bananaman22 · 7 replies
    Oilprice.com ^ | 13-07-2016 | IEA
    Oil prices have been crushed over the past two years because of a glut of production. With supplies falling off, particularly in the U.S. shale patch, prices have begun to firm up. But another glut that has built up and has stubbornly refused to fall threatens another oil price downturn. In its July Oil Market Report, the International Energy Agency warned about shockingly high levels of refined products sitting in storage. Gasoline, diesel and heating oil are built up to such high levels in so many parts of the world, that a sharp rise in crude oil prices is unlikely...
  • Crude Rebounds Spectacularly On Weaker Dollar

    07/12/2016 1:24:34 PM PDT · by bananaman22 · 3 replies
    Oilprice.com ^ | 12-07-2016 | Len
    Oil prices showed weakness on Monday once again after a brutal few days last week. But WTI and Brent moved up in early trading hours on Tuesday. Several news items overnight pushed oil up on Tuesday, including a falling U.S. dollar, a ruling from an international court on the South China Sea (more below), news that an ExxonMobil well was attacked in the Niger Delta (something which Exxon denies), and reports that some oil exports were delayed from Iraq because of a pipeline leak. The markets are awaiting crude inventory estimates from API later today, which could move prices.
  • Citibank: We’re Nearing A Bull Market For Oil

    07/12/2016 10:01:52 AM PDT · by bananaman22 · 8 replies
    Oilprice.com ^ | 12-07-2016 | Citi
    Citigroup is “especially bullish” on commodities in 2017, the bank says. “The oil market is treading water for now, but the oil price overshot to the downside earlier this year and this is clearly setting the stage for a bullish end to the decade,” Citi analysts, led by Ed Morse, wrote in a research note published on July 11. There is a quite a bit of volatility in commodity markets, especially for oil, but global demand continues to grow at a steady pace. Prices have crashed on oversupply, but with oil production going offline, particularly in the U.S., the markets...
  • Violence in South Sudan Kills Two Chinese U.N. Peacekeepers

    07/11/2016 7:44:54 AM PDT · by BenLurkin · 10 replies
    wall street journal ^ | 07/11/2016 | Josh Chin
    The troops were traveling to provide security at a refugee camp when their vehicle was hit, the Chinese Defense Ministry statement said. “The Chinese military is deeply shocked by and strongly condemns the attack,” the statement said, adding condolences to the victims and their family members. The loss of the two Chinese peacekeepers in South Sudan come after Shen Liangliang, a U.N. peacekeeper stationed in Mali, was killed in an attack on a U.N. camp on May 31 that wounded five other Chinese troops. The three deaths, coming so close together, illustrate the increased risks faced by Chinese peacekeeping troops—particularly...
  • Violence in South Sudan Kills Two Chinese U.N. Peacekeepers [all about oil?]

    07/11/2016 6:43:42 AM PDT · by BenLurkin · 5 replies
    The troops were traveling to provide security at a refugee camp when their vehicle was hit, the Chinese Defense Ministry statement said. “The Chinese military is deeply shocked by and strongly condemns the attack,” the statement said, adding condolences to the victims and their family members. The loss of the two Chinese peacekeepers in South Sudan come after Shen Liangliang, a U.N. peacekeeper stationed in Mali, was killed in an attack on a U.N. camp on May 31 that wounded five other Chinese troops. The three deaths, coming so close together, illustrate the increased risks faced by Chinese peacekeeping troops—particularly...
  • Venezuela's Energy Woes Spread to Its Closest Ally: Cuba

    07/09/2016 9:02:34 PM PDT · by Rabin · 17 replies
    Reuters via Rigzone ^ | Friday, July 8, 2016 | Marianna Parraga and Alexandra Ulmer|
    Venezuela's falling crude output and self inflicted financial woes have left it decimated... State-run oil firm PDVSA has slashed oil export to Cuba by 40 percent from the first half of 2015.
  • Fatal connections [Clinton Foundation Donors & Nigeria]

    07/07/2016 3:12:25 PM PDT · by SoFloFreeper · 11 replies
    World Magazine ^ | 6/24/16 | Mindy Belz
    As the Clinton-led State Department dragged its feet against Boko Haram, Clinton Foundation donors made millions from Nigerian oil fields The attacks on Jan. 20, 2012, began not so much as an explosion but as an earthquake. ....In coordinated bombings at 23 separate locations in the city of Kano, including police headquarters and military barracks, the group left one of Africa’s largest cities in disarray and panic. The January attacks killed more than 185 people—Africa’s worst terrorism since the 1998 al-Qaeda attacks on U.S. embassies in Kenya and Tanzania. ...Boko Haram often showed up better equipped than the Nigerian military...prominently...
  • Why Chevron And Shell Are Better Bets Than BP and Exxon

    07/06/2016 11:20:37 AM PDT · by bananaman22 · 1 replies
    Oilprice.com ^ | 06-07-2016 | Oil Major
    Want to invest in the oil majors? Take a look at Chevron and Royal Dutch Shell, but steer clear of ExxonMobil, BP, and Total. That is the conclusion from a new analysis from Tudor, Pickering, Holt & Co., which identified Chevron and Shell as the best of the lot. The reason for choosing Chevron, for instance, is that the American oil major will have high-margin growth, largely due to the completion of several large-scale projects. The Gorgon LNG project is one example – with huge capex requirements behind it, Chevron will enjoy free-cash-flow turnaround. Tudor Pickering Holt also likes Chevron’s...
  • Why An Oil Price Crash Remains Unlikely

    07/06/2016 10:20:46 AM PDT · by bananaman22 · 4 replies
    Oilprice.com ^ | 06-07-2016 | Mike
    There has been a lot of optimism returning to the energy markets of late as oil prices have climbed to the $50 a barrel region. Ironically, while a few years ago $50 a barrel would have been seen as an unthinkably low oil price, today it is regarded as much needed relief from prices that ran in the $25 a barrel region earlier this year. Yet with the climb in prices, analysts are now starting to forecast prices per barrel of as much as $80 in the next year. That view is not the mainstream though. Instead most analysts are...
  • Fresh Niger Delta Attacks Could Send Oil Prices Up

    07/05/2016 10:11:41 AM PDT · by bananaman22 · 2 replies
    Oilprice.com ^ | 05-07-2016 | Niger Deltans
    The Niger Delta Avengers (NDA) were a major driver of the rally in oil markets over the past several months, as the outage of roughly 600,000 barrels per day helped push up crude oil prices. In June, a 30-day ceasefire between the NDA and the Nigerian government led to a few weeks of relative calm, and Nigeria’s oil minister said that the country was able to bring back a large chunk of the disrupted supply, bringing output up from 1.4 million barrels per day to 1.9 mb/d at the end of June, but still down from the 2.2 mb/d Nigeria...
  • Exxon And BP Battle For ‘Oil contract Of The Century’

    07/04/2016 11:54:13 AM PDT · by bananaman22 · 2 replies
    Oilprice.com ^ | 04-07-2016 | Zainab
    ExxonMobil and British Petroleum have been facing off over the terms of the renewal of the “contract of the century” in Azerbaijan, according to sources that spoke to Reuters. BP currently operates the Azeri-Chigar-Guneshi fields in the middle of the Caspian Sea—a region that contributes a tenth of the firm’s global output. The British company has reportedly agreed with the Azeri government on the terms of a 30-year contract, but in an effort to expand its presence in the ACG region, Exxon has been pushing for a piece of the $100 billion pie.
  • What You Don’t Know About the Niger Delta Avengers

    07/04/2016 9:35:59 AM PDT · by AdmSmith · 18 replies
    Nigerian Television Authority ^ | 2JUN2016 | Edino Justice
    A militant group has however since February 2016 been making headlines through their capacity to destroy oil infrastructure. Their attacks have driven Nigeria’s oil output to near a 22-year low. Contrary to popular opinion, the group, Niger Delta Avengers, NDA for short, according to them is not just made up of Niger Deltans but has support from other parts of Nigeria, namely Northern, Western and Eastern part of the Country with the sole purpose of crippling the Nigerian Economy until their demands are met. According to reports, Diplomats and security experts say the group has shown a level of sophistication...
  • Big Oil Could Spark A Renaissance In U.S. Shale

    07/04/2016 7:15:41 AM PDT · by bananaman22 · 4 replies
    Oilprice.com ^ | 04-07-2016 | Len
    The collapse of oil prices has killed off any appetite that the oil industry had for megaprojects that cost tens of billions of dollars. With scarce resources, oil companies have shifted their focus, pouring resources into short-cycle projects, which often means shale drilling. Liam Denning over at Bloomberg Gadfly put some numbers to the phenomenon, using data from Oslo-based Rystad Energy. The data is revealing, painting a portrait of an industry that has scaled down the size of new oil projects. Intriguingly, the focus on smaller oil fields began before the plunge in oil prices, although the price crash is...
  • Maryland Attorney General Frosh Using Subpoenas to try to Silence Political Debate

    06/30/2016 12:51:38 PM PDT · by Tolerance Sucks Rocks · 22 replies
    MCGOP ^ | June 28, 2016 | Mark Uncapher
    Maryland Attorney General Brian Frosh recently joined 16 other state Attorneys General to launch, in their own words, “an unprecedented, multi-state effort to investigate and prosecute the ‘high-funded and morally vacant forces’ that have stymied attempts to combat global warming—starting with holding ExxonMobil and other industry giants accountable for fraud and suppression of key climate science.” In explaining his support of “AGs United for Clean Power,” Frosh said: “There is no doubt that climate change is an existential threat to our society and to our entire planet….I am deeply troubled that oil companies have contributed to the problem by intentionally...
  • U.S. Shale Producers Just Won Their Biggest Legal Case In Years

    06/27/2016 5:57:33 PM PDT · by 2ndDivisionVet · 5 replies
    Oil Price ^ | June 23, 2016 | Dave Forest
    Fracking is once again becoming a hot topic in the oil and gas world., with Germany moving Tuesday to impose an indefinite ban on the unconventional drilling technique. But in the U.S. this week the story was the opposite. Oil and gas drillers won a critical legal victory over the future of fracking in America’s shale plays. That came in Wyoming, where a District Judge struck down a set of tougher rules on fracking that had been implemented by the U.S. Bureau of Land Management (BLM) early last year. Last March, the BLM came down hard on the U.S. shale...
  • Jerry Brown’s vow to slash oil use in California’s cars in trouble

    06/22/2016 12:20:04 PM PDT · by Mariner · 26 replies
    The Sacramento Bee ^ | June 22nd, 2016 | By Dan Walters
    The meltdown of California’s cap-and-trade system of reducing carbon emissions has not only thrown its climate change crusade into disarray but caused collateral damage. One victim is Gov. Jerry Brown’s $3.1 billion plan to spend auction proceeds, now on indefinite hold. It not only affects a $500 million allocation for Brown’s bullet train project, but another $500 million for “low carbon transportation and fuels.” The latter is a centerpiece of Brown’s very ambitious drive to reduce petroleum use in auto travel – the largest single source of California’s carbon emissions – by 50 percent by 2030 even though the Legislature...
  • Rebellious Democrats disrupt House, stage protest over guns

    06/22/2016 2:56:18 PM PDT · by Olog-hai · 62 replies
    Associated Press ^ | Jun 22, 2016 5:08 PM EDT | Matthew Daly
    Rebellious Democrats shut down the House’s legislative work on Wednesday, staging a sit-in on the House floor and refusing to leave until they secured a vote on gun control measures before lawmakers’ weeklong break. Exasperated Republicans were forced to recess while cutting off cameras that showed the protest. But in an unprecedented step, C-SPAN used live video feeds from one lawmaker’s Periscope account and another’s Facebook page to transmit words and images from the House. Nearly 100 Democrats led by Georgia Rep. John Lewis demanded a vote on measures to expand background checks and block gun purchases by some suspected...
  • RADICAL JIHADIS Assault Restaurant Patrons in Philly, Screaming: “We Belong to ISIS!” (VIDEO)

    06/22/2016 3:23:57 PM PDT · by blueyon · 57 replies
    the gateway pundt ^ | 6/22/16 | Jim Hoft
    On June 11th at 4 AM five assailants were captured on security camera assaulting restaurant patrons outside Geno’s Steaks. The jihadis beat the restaurant patrons screaming, “Don’t mess with us, we belong to ISIS!” The Philadelphia police released this report: "On June 11, 2016 at approximately 4:15 am, five (05) unknown males were captured on surveillance video outside 1219 South 9th Street assaulting the victims. After the assault the suspects fled in two (02) vehicles, a dark colored pickup truck and a SUV and fled in an unknown direction. Both vehicles had New Jersey license plates. Victim #1 was struck...
  • D.C. Circuit: CAIR Must Stand Trial for Massive Fraud

    06/22/2016 3:35:03 PM PDT · by Maceman · 17 replies
    American Freedom Law Center ^ | 6-21-16 | Unknown
    The United States Court of Appeals for the District of Columbia Circuit today unanimously reversed a trial court’s ruling dismissing a fraud case brought against the Council on American-Islamic Relations (CAIR). The result of the appellate court’s ruling is that CAIR National, operating out of the District of Columbia, must stand trial and allow a jury to hear all of the evidence of the massive fraud and attempted cover up carried out by CAIR and perpetrated against hundreds of CAIR fraud victims. In January of last year, Judge Paul Friedman, the federal judge presiding over a five-year old lawsuit alleging...
  • Harry Reid backs compromise gun bill

    06/22/2016 3:48:04 PM PDT · by FR33DOM4ME · 31 replies
    Politico ^ | 6/22/2016 | Burgess Everett
    Sen. Susan Collins' attempt to keep firearms out of the hands of potential terrorists just picked up its most powerful backer yet: Harry Reid.
  • Obama administration decries judge's fracking ruling

    06/22/2016 4:46:41 PM PDT · by Olog-hai · 14 replies
    Associated Press ^ | Jun 22, 2016 1:54 PM EDT | Matthew Daly
    The Obama administration on Wednesday decried a ruling by a federal judge that blocks rules for hydraulic fracturing, saying the decision prevents regulators from using “21st-century standards” to ensure that oil and gas operations are conducted safely on public lands. Jessica Kershaw, a spokeswoman for the Interior Department, said “modernized fracking requirements” imposed by Interior Secretary Sally Jewell reflect best industry practices and are aimed at ensuring adequate well control, preventing groundwater contamination and increasing transparency about the materials used in fracking. Kershaw’s comments came after a judge in Wyoming ruled late Tuesday that federal regulators lack authority to set...
  • Nissan proposes ethanol for future fuel cell cars, to avoid hydrogen fueling

    06/16/2016 3:42:13 PM PDT · by jjotto · 23 replies
    Motor Authority ^ | June 15, 2016 | John Voelcker
    Electric cars are showing up all over the place, but hydrogen fuel-cell cars have lagged behind, with only three Asian makers committed to offering them in the U.S. That's partly because setting up a network of hydrogen stations to fuel them is slow and expensive. Now Nissan has a better idea. Rather than pumping hydrogen into the cars at very high pressure, the company proposes to offer a different kind of fuel-cell car — one that is filled with ethanol instead. That fuel, or an ethanol-and-water blend, is "reformed" to produce a supply of hydrogen on board the car itself....
  • The left’s grand, green vision

    06/12/2016 3:55:48 PM PDT · by Tolerance Sucks Rocks · 10 replies
    The Washington Times ^ | June 5, 2016 | Stephen Moore
    Like a crazed serial killer, the liberal green groups are celebrating their “victory” of putting America’s major coal producers out of business — to say nothing of the tens of thousands of miners placed in unemployment lines. Several thousand more mining jobs were lost last month. Now to get their next homicidal high, the leftists have turned their ambitions on the oil and natural gas industries. Here is how the Sierra Club spokeswoman, Lena Moffit, explains the grand, green vision: “We have moved to a very clear and firm and vehement position of opposing gas. We oppose any new gas-fired...
  • Obama calls for gun control action and DOESN'T link Orlando terror attack to Islam

    06/12/2016 1:02:42 PM PDT · by heterosupremacist · 48 replies
    dailymail.co.uk ^ | 06/12/2016 | Political Reporter For Dailymail.com
    President Obama furthered his gun control message today when addressing the massacre in Orlando that killed 50 people, making it the deadliest mass shooting in U.S. history. 'Although it's still early in the investigation we know enough to say that this was an act of terror and an act of hate,' Obama said, making no reference to ISIS or Islamic terror in his brief remarks. Obama called the shooting spree, at the gay nightclub Pulse during Pride month in the United States, a reminder of how easy it is for someone to get a hold of a weapon that could...
  • Bill Gross: $10 trillion negative yield 'supernova' will 'explode'

    06/10/2016 12:14:17 PM PDT · by BenLurkin · 15 replies
    CNBC ^ | 06/10/2016 | Jeff Cox
    Bond guru Bill Gross believes the growing global move toward negative yields will have dire consequences. In a tweet from his firm, Janus Capital, Gross goes back half a millennium to assert that the current situation with the world's debt market is unprecedented and dangerous: The warning comes as yields on Japanese government bonds and German bunds hit record lows.
  • 'There is no money left, bye!': Russian PM causes social media storm

    06/09/2016 12:16:09 PM PDT · by SaveFerris · 15 replies
    Yahooooo ^ | June 9, 2016 | CNBC
    Russian Prime Minister Dmitriy Medvedev has whipped up a storm on Russian social media for an off-the-cuff comment he made to a Russian pensioner last month. Medvedev was caught on camera telling an elderly woman in Crimea, a region annexed by Russia from Ukraine in spring 2014, that there was "no money left" in Russia's budget when he was asked why the state pension of 8,000 Russian rubles a month (around $125 a month) was not higher given the rising cost of living. "There just isn't any money now. When we find money, we'll make the adjustment," Medvedev replied to...
  • Teen Burnt Alive by Mother for Choosing Own Husband

    06/08/2016 5:57:25 PM PDT · by nickcarraway · 30 replies
    Emirates 24/7 ^ | Wednesday, June 08, 2016
    It was the third such ‘honour killing’ in as many monthsA teenager was burnt alive by her mother on Wednesday after marrying a man of her own choice, Pakistani police said. Zeenat Bibi, 16, was set on fire by her mother Perveen Bibi in the eastern city of Lahore a little more than a week after the wedding, police said. "Perveen Bibi killed her daughter Zeenat Bibi by burning her alive around 9:00 am on Wednesday," Haidar Ashraf, a senior police official told AFP, adding the teen had married a man named Hasan on May 29.
  • Rise in Starving Children Puts Strain on Venezuela’s Hospitals

    06/08/2016 5:57:45 PM PDT · by fella · 31 replies
    Panam Post ^ | 8 June 2016 | Sabrina Martin
    Doctors Now Have to Steal Food From Hospitals to Feed Their Own Families The increasing shortage of food and other basic products in Venezuela, on top of inflation, is now takingits toll on the health of the nation — most notably, on its malnourished children. Children frequently arrive to the San Felipe Central Hospital after having fainted from malnourishment, officials told the PanAm Post, and are given medicine to take three times a day, Mothers tell physicians they don’t have enough food in their homes, even after rationing. “Children under five months of age come in here with diarrhea and...
  • Robots will take over most jobs in the world by 2045

    06/06/2016 3:04:31 PM PDT · by plain talk · 87 replies
    The Economic Times ^ | Jun 6, 2016 | Techradar
    As we reach the middle of the 21st century, half the population of the world will lose their job to a machine. The latest comes from Moshe Vardi, professor at Rice University , Houston, who delivered a talk to the American Association for the Advancement of Science , exploring the question: "If machines are capable of doing almost any work humans can do, what will humans do?" Vardi reckons that half of workers across the globe will be replaced by machines within the next 30 years, wiping out middle-class jobs and "exacerbating inequality". He noted that robots would take over...
  • U.S. Crude Exports Hit 96 Year High

    06/06/2016 9:42:03 AM PDT · by bananaman22 · 12 replies
    Oilprice.com ^ | 06-06-2016 | Zain
    U.S. crude oil exports rose to 591,000 barrels per day in April, up 83,000 barrels from March, according to new data from the U.S. Census Bureau on Friday. The total figures are the highest since at least 1920, Rigzone reports. A majority of the crude - 324,000 bpd of it - went to Canada, 90,000 more went to Curacao and 36,000 others went to the Bahamas. The figures come almost six months after the U.S. government lifted restrictions on crude exports.
  • Norway Aims To Ban Sales Of Gas-Powered Vehicles By 2025

    06/06/2016 6:03:44 AM PDT · by rktman · 54 replies
    dailycaller.com ^ | 6/4/2016 | Chris White
    Norway has decided to prohibit the selling of all gasoline-powered cars by 2025, according to Norwegian newspaper Dagens Næringsliv. The ban, which has received support from political parties on the left and the right, is pegged to be the most aggressive anti-gasoline energy policies of its kind in the world – the irony, of course, is that Norway is one of the largest producers of fossil fuels in the entire world. Norwegians produced and exported in 2013 more than 1.2 million barrels of oil, placing it 14th overall on a list of exporting countries, just below Qatar and Mexico. India...
  • Oil Prices Down As OPEC Fails To Agree Output Ceiling

    06/02/2016 8:35:11 AM PDT · by bananaman22 · 10 replies
    Oilprice.com ^ | 02-06-2016 | Nick
    The much anticipated OPEC meeting in Vienna on June 2 ended pretty much as expected: the group once again failed to put any production targets in place. Without a ceiling on output, all OPEC members will continue to produce as they see fit, leaving the oil market to sort itself out. The result was largely anticipated, given the lack of agreement at several prior meetings. However, the meeting in Vienna was not without some news. OPEC members managed to agree on several small bore issues, which could be viewed as a modest success, especially after the apparent hostility on display...
  • Oil Industry Drove US Wage Growth. Now that Is Over

    06/01/2016 3:58:44 PM PDT · by bananaman22 · 9 replies
    Oilprice.com ^ | 01-06-2016 | Irina
    A report from Pew Research Center reveals that between the third quarter of 2000 and the same period of last year, wages across the U.S. rose by an impressive 7.4 percent in real terms, driven largely by the oil and gas industry. Wages in energy-dependent communities rose by the most, in some cases more than twofold, such as in Texas. This shouldn’t be surprising as the period reviewed coincides with the peak of the shale boom in the country, even though it also covers two periods of recession. But those positive effects are starting to disappear. The energy industry is...
  • Keep Oil in the Soil: Bill McKibben on Being Named by Sanders to DNC Platform Committee

    06/01/2016 10:47:29 AM PDT · by 2ndDivisionVet · 11 replies
    Democracy Now! ^ | May 26, 2016
    Bill McKibben was just named by Bernie Sanders to serve on the platform committee at this year’s Democratic National Convention. He joins Sanders’ other four appointments: scholar and racial justice activist Cornel West; Native American activist Deborah Parker; Minnesota Congressmember Keith Ellison, who chairs the Congressional Progressive Caucus; and Palestinian rights activist and scholar James Zogby, who founded the Arab American Institute. We speak with 350.org co-founder Bill McKibben about how he’ll seek to translate his activism into Democratic Party platforms in Philadelphia in July. TRANSCRIPT AMY GOODMAN: Very quickly, before we end, Bill McKibben, I want to ask you...
  • Venezuela is running out of everything: Bread, sugar, toilet paper...

    06/01/2016 1:40:39 AM PDT · by 2ndDivisionVet · 28 replies
    CNN Money ^ | May 31, 2016 | Rafael Romo and Patrick Gillespie
    Venezuela is running out of just about everything. Food, medicine, electricity, toilet paper, condoms -- you name it. And over the weekend at least two large international airlines -- Lufthansa and LATAM -- said they will suspend service to Venezuela in the coming months due to the economic crisis. The widespread scarcities and fleeing businesses reflect a country in crisis. "There's a shortage of everything at some level," says Ricardo Cusanno, vice president of Venezuela's Chamber of Commerce. Cusanno says 85% of companies in Venezuela have halted production to some extent. Venezuela's economy is spiraling into extreme recession. It is...
  • Venezuela is running out .. everything. Food, medicine, electricity, toilet paper, condoms

    05/31/2016 4:10:48 PM PDT · by george76 · 69 replies
    CNN ^ | May 31, 2016 | Osmary Hernandez
    Venezuela is running out of just about everything. Food, medicine, electricity, toilet paper, condoms -- you name it. ( Full title ). And over the weekend at least two large international airlines -- Lufthansa and LATAM -- said they will suspend service to Venezuela in the coming months due to the economic crisis. The widespread scarcities and fleeing businesses reflect a country in crisis. "There's a shortage of everything at some level," says Ricardo Cusanno, vice president of Venezuela's Chamber of Commerce. Cusanno says 85% of companies in Venezuela have halted production to some extent. Venezuela's economy is spiraling into...
  • Op-Ed: Iran is an artificial country

    05/28/2016 4:01:37 PM PDT · by Eleutheria5 · 17 replies
    Arutz Sheva ^ | 29/5/16 | Dr. Mordechai Kedar
    Iran is an artificial country which includes a large number of ethnic groups: Persians, Azars, Kurds, Turkmen, Baloch, Arabs and more.... Southwestern Iran, the Khuzistan region, is home to the Arab minority group, but that is where most of the oil and gas resources are to be found underground, right under the feet of that Arab minority. They are Shiites, exactly like the majority Persians, but are treated with disdain by the government. In the past, the region was called Arabistan to allude to the ethnic group living there, but after the 1925 Persian Conquest, the Persians changed its name...
  • 3,000 French Gas Stations Out of Fuel

    05/27/2016 8:44:54 AM PDT · by Lorianne · 25 replies
    NACS ^ | 26 May 2016
    An oil strike has forced around a fourth of the country’s stations to close because of lack of gasoline. ___ Some 3,000 gasoline stations in France—around a fourth of the country’s stations—have had to close because an oil strike has shut off their fuel supply, Telesur reports. For the first time in more than five years, France is dipping into its strategic oil reserves, while unions block refineries. Those stations lucky enough to have fuel are under government orders to restrict the sale of diesel or gasoline to around $30 per customer. Unions are picketing French refineries in protest against...
  • Why Did Saudi Arabia Kill OPEC?

    05/26/2016 9:31:53 AM PDT · by bananaman22 · 4 replies
    Oilprice.com ^ | 26-05-2016 | Len
    The OPEC meeting is only a week away, but the chances of a positive result are as remote as ever. Rising oil prices, the heightened rivalry between Saudi Arabia and Iran, and Saudi Arabia’s willingness to go it alone will make a deal all but impossible. First of all, Iran is not in a cooperative mood. According to the IEA, Iran has managed to boost oil production to 3.56 million barrels per day in April, its highest level since November 2011. Oil exports also jumped 600,000 barrels per day to 2 million barrels per day. Importantly, Iran’s output now stands...